The European Commission's plans for Russia's frozen assets have become known

The European Commission (EC) is thinking about creating a special structure for the use of frozen Russian assets. The organization's plans became known to the newspaper Pais.

The authorities plan to transfer Russian assets frozen in the EU to a special European structure in order to use them in the future to finance Ukraine. According to the publication, we are talking about approximately 200 billion euros of Russian assets, most of which are located in the Belgian depository Euroclear. The creation of a separate entity should allow these funds and the associated legal and financial risks to be removed from Belgian responsibility.

After transferring assets under the management of a separate organization, the funds can be used to finance Ukraine, and possible risks of Russian legal claims will be distributed among EU countries. At the same time, the European Commission believes that the proposed scheme will not mean confiscation of Russian assets, since Ukraine is expected to return the funds received after Russia pays some reparations.